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Market competition and executive pay: increased competition affects the pay incentives firms provide to their managers and may also affect overall pay structures

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Resumo:Deregulation and managerial compensation are two important topics on the political and academic agenda. The former has been a significant policy recommendation in light of the negative effects associated with overly restrictive regulation on markets and the economy. The latter relates to the sharp increase in top executives’ pay and the nature of the link between pay and performance. To the extent that product-market competition can affect the incentive schemes offered by firms to their executives, the analysis of the effects of competition on the structure of compensation can be informative for policy purposes.
Autores principais:Ferreira, Priscila
Assunto:Barriers to entry Entry costs Competition Performance-related pay Executive compensation Ciências Sociais::Economia e Gestão
Ano:2019
País:Portugal
Tipo de documento:artigo
Tipo de acesso:acesso aberto
Instituição associada:Universidade do Minho
Idioma:inglês
Origem:RepositóriUM - Universidade do Minho

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